Chase Place Housing Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DON G WELLONS

Phone

9108920436

Tax Period

2024-01-01 to 2024-12-31

Chase Place Housing Inc, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $273K in total revenue in fiscal year 2024.

Mission

Reduced rent housing for elderly and handicapped

Program Service Accomplishments

Program 1

Expenses: $237,595 Revenue: $273,121

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet physical, social and psychological needs and promote their health, security, happiness and...

Provide elderly and handicapped persons with reduced rent housing and services specially designed to meet physical, social and psychological needs and promote their health, security, happiness and usefulness in longer living. 35 units provided

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $272,944

Investment Income $177

Other Revenue $0

TOTAL REVENUE $273,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,942

Fundraising Expenses $0

Program Expenses $237,595

Other Expenses $255,295

TOTAL EXPENSES $300,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,121	$269,001	+0.0%
Expenses	$300,237	$326,785	-0.1%
Net Income	$-27,116	$-57,784	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don G Wellons	Pres/Director	2.00	Director	$0	$0	$0
Lauren W White	VP/Director	2.00	Director	$0	$0	$0
Kathy H Kennedy	Sec/Treas/Director	2.00	Director	$0	$0	$0
Leigh Anna W Thompson	Asst Sec/Director	2.00	Director	$0	$0	$0
Sylvia W Craft	Director	2.00	Director	$0	$0	$0
Gene T Jernigan	Director	2.00	Director	$0	$0	$0
Andrea C Howard	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$273,121	$300,237	$387,936	$-27,116
2023	$269,001	$326,785	$416,456	$-57,784
2022	$260,573	$298,463	$494,581	$-37,890
2021	$253,388	$275,694	$511,023	$-22,306
2020	$247,175	$270,787	$527,718	$-23,612
2019	$234,251	$256,646	$559,545	$-22,395
2018	$224,664	$252,286	$614,246	$-27,622